Funder DirectoryThe Lockett Foundation Inc
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Private foundation (trust)EIN 751534079Est. 1977-03

The Lockett Foundation Inc

Vernon, TX 763851331

Total Assets

$2.4M

FY 2023

Annual Giving

$72K

FY 2023

Grants Made

9

FY 2023

Avg Grant

$8K

FY 2023

Grant Range

$500–$37K

Typical

Deadlines

Applications

Financial Snapshot

2023 filing

Total Revenue

$34K

Total Expenses

$74K

Qualifying Distributions

$73K

Distributable Amount

$114K

Min. Investment Return

$114K

Undistributed Income

$113K

Payout rate 64%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.64%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

9 grants

Grant sizes from minimum $500 through median $1K to maximum $37K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

6 years

Giving over time from 2018 to 2023. Peak $97K in 2021. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

51 grants

Texas Tech Foundation
$159K
6 grants
Texas Tech Alumni Association (TTAA)
$45K
2 grants
Texas Tech Alumni Association
$30K
1 grant
Boys & Girls Club of Vernon
$15K
6 grants
Vernon College
$7K
6 grants
Holy Ghost Lutheran Church
$6K
6 grants
Ronald McDonald House
$6K
6 grants
Blanco Education Foundation
$3K
3 grants

Grant Size Distribution

51 grants

<$10K
44
grants
$10–50K
6
grants
$50–250K
1
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

2 states

Texas
$280K
99% of total
Colorado
$2K
1% of total

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The Lockett Foundation Inc — Grants, Financials & Contact | Grantivo